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Is bankruptcy an option?

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KEVIN Feigin Posted

Is bankruptcy an option?

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Smith Watson

You really should call your trustee and explain your situation – they can advise you on your options and what makes the most sense for you.

Having said that, if you fall three payments in arrears in your proposal it will be annulled/cancelled. You have the right to file bankruptcy at any time, but most people wait until their proposal has been annulled to give them some time.

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